UBS is reorganizing its management, naming CFO Tom Naratil to succeed Robert McCann as president of UBS Americas and Wealth Management Americas.
The moves are the latest by Sergio Ermotti, the bank’s CEO, who scaled back the investment bank starting in 2012 to focus more on wealth management, a business that rival Credit Suisse now also wants to prioritize. UBS is the world’s largest wealth manager and derives the biggest chunk of income from managing money for high-net-worth and ultrahigh-net-worth clients.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access